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Cayman Islands News, Articles and InformationMiss Cayman Islands reaches for the starsGisella Hilliman, Miss St. Martin 2006; Ambuyah Ebanks, Miss Cayman Islands 2006, and Kenisha Thom, Miss Trinidad & Tobago 2006, pose in their BSC Swimwear Thailand swimsuits at the Wilshire Grand Hotel in Los Angeles. photo Miss Universe L.P., LLLPThis is a big weekend for Ambuyah Ebanks aka Miss Cayman Islands as the Miss Universe Pageant gets underway this Sunday in Los Angeles. In the last few days Ambuyah has been working really hard as well as watching and listening to learn all she can. According to her mum, Lorraine Ebanks, Ambuyah is giving this pageant her all. "Ambuyah told me that she has learned so much already and she really has worked hard to give it her all," said Mrs Ebanks. "She said that she has done her very best and believes her interview went really well." With some 68 contestants the girls get only two minutes to shine when it comes to the interview but it seems that Miss Cayman is quietly confident, after all she didn't go there to lose. 'Revolution' without RolloverIf Government fails to keep the seven-year rollover policy the Cayman Islands may be heading down the path of revolution, said a former candidate of the West Bay Alliance. While a human rights activist believes keeping the term limit could see a class action lawsuit or the UK stepping in to change the rules. About Walkers and Walkers SPVBased in the Cayman Islands with offices in the British Virgin Islands, Dubai, Hong Kong, Jersey, and London, Walkers offers high-level skills across the legal spectrum. Walkers was named by HedgeWorld Limited as the top law firm for hedge funds by total assets of funds and assets of non-U.S. funds, as well as the 2006 Who's Who Legal Law Firm of the Year: Cayman Islands, the PLC Which Lawyer? Yearbook 2006 Leading Cayman Islands Law Firm, and The Lawyer's 2006 Offshore Law Firm of the Year. We act for a wide range of clients including major financial institutions, investment banks, leading law and accounting firms, major corporations of all kinds, partnerships, trust companies and other fiduciaries representing almost every country in the world. Our aim is to provide clear, concise and practical advice based on an in-depth knowledge of the legal, regulatory and commercial environment in the Cayman Islands and the BVI.Taylor nets Cayman for RepublicRepublic Bank has appointed Grant Taylor to the position of managing director of its wholly owned subsidiary in Cayman. Taylor assumed the post on secondment for a period of three years. In his new position he will be responsible for overseeing the banks operations and driving its expansion in the offshore banking arena. On his new assignment, Taylor noted that the recent acquisition of Dextra Bank & Trust in the Cayman Islands will strengthen Republics position in that island and will enable them to expand their services to the banks clientele.He stated that the bank was already working on taking TT dollar deposits for customers who wish to hold their funds offshore, with the unique advantages that such a facility offers. He said that customers would receive details on the offering in the coming weeks. Bethany merited for scholastic prowess and leadershipWHEN the People to People Leadership Summit gets underway in California next week, Caymanian Bethany Ebanks will be one of a select group of international students in attendance.Ms Ebanks, a student of the John Gray High School, earned the honour to represent the Cayman Islands through her outstanding scholastic merit, civic involvement and leadership potential. According to the People to People Program Office in Spokane, Washington, she excelled in academic and leadership skills to be nominated to attend the 17 to 26 July forum in Los Angeles. "All students accepted into the People to People program must meet rigorous academic and leadership requirements," a press release from the organisation said. Ms Ebanks said the programme would go a long way in developing her into a better student.
Saudi home finance sells sukuks through CaymanKingdom Installment Co., a Saudi Arabian Islamic home finance company, sold $18 million of mortgage-backed Islamic bonds to investors in Europe and Asia, the company said last week.Banks were the main buyers of the Islamic bond, or sukuk, Bahrain-based Unicorn Investment Bank BSC, one of the managers of the sale, said. "The merger of traditional Shariah structures with modern conventional finance such as securitization represents a quantum leap in the evolution of Islamic finance,'' Abdullatif al-Shalash, a director of Kingdom Installment, said in the statement. Kingdom Installation's sukuk is backed by 193 Saudi Islamic mortgages and pays a fixed profit rate of 6.55 percent. The issuer is a special purpose vehicle in the Cayman Islands into which the mortgages have been collateralized to provide cash flow in dollars. 3 ready to influence worldJust think of the opportunity to meet heads of state and interact with them on policy issues and peace.Three bright, young Caymanians will get the chance to do exactly that when they leave the rock of Grand Cayman Friday to fly to the Global Young Leaders Conference. GYLC is a leadership development conference that takes place in Washington, DC, and New York, US; Vienna, Austria; Budapest, Hungary; and Prague in the Czech Republic. Arikka Ebanks, Jeremy O’Sullivan and Anthony Watler, 17–year old recent graduates of John Gray High School, will represent the Cayman Islands at the conference. The theme of this year’s conference is The Leaders of Tomorrow Preparing for the Global Challenges and Responsibilities of the Future.
More objections to rollover roll inThe recent luncheon meeting last week of Human Resource professionals highlighted a potential serious crisis looming for this country when it comes to key staff.As noted by the speakers at the Cayman Islands Society for Human Resources Professionals, (CISHRP) luncheon meeting on Wednesday 5 July, the Cayman Islands like many Western countries is struggling with recruitment and retention issues already and this country's immigration policies are adding to their woes. With Cayman's sophisticated offshore financial sector and the tourist industry being the twin pillars of this economy and with a very small indigenous population, this country more than many others is dependent on recruiting the world-over for the talent it needs. However, numerous factors are making that job extremely difficult for many businesses here from banks and hedge funds to hoteliers and real estate brokers, recruiting and retaining staff is becoming increasingly difficult for all concerned. Miss Cayman Islands in LA for big contestMiss Cayman 2006, Ambuyah Ebanks (bottom right), is excited to compete in the Miss Universe Pageant with over 80 other global beauties, who gathered around rapper Snoop Dogg for a photo.After arriving in Los Angeles in a Jaime Arango dress, Ambuyah Ebanks said she is excited about the upcoming 2006 Miss Universe Pageant. Miss Cayman Islands arrived in L.A. for pre-pageant events on 5 July and has since been involved in various activities with the other contestants. This event follows her trip to New York, where she purchased the remainder of her outfits under the guidance of Lana Cayasso, head of wardrobe on the Miss Cayman Committee. Colombian designer Arango made Miss Cayman's landing dress; interview suit; and her red carpet and cocktail dresses, as well as her pageant gown and all accessories. |
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